BPCL invites bids for 15 MW open-access renewable power
POWER & RENEWABLE ENERGY

BPCL invites bids for 15 MW open-access renewable power

Bharat Petroleum Corporation Ltd (BPCL) has floated a tender for supplying 15 MW solar or non-solar open-access renewable power to BPCL and its Mumbai Refinery at Mahul.

According to the tender and Power Purchase Agreement (PPA), the work for the supplier includes evacuation of solar or non-solar renewable power from the generating source to the delivery point.

The bidders are obligated to bid a minimum for a 15 MW solar or non-solar renewable power on a round-the-clock basis and scheduled delivery from 1 July 2021. The tender will be valid from 1 July 2021 to 31 March 2022.

The deadline for submission of the bid is 23 June 2021, along with a pre-bid meeting scheduled for 10 June 2021.

For eligibility, the bidder should own and operate generating units with an installed capacity equal to twice the contract capacity and supply the contract capacity to the company on a round-the-clock basis. According to the tender document, the estimate of the final power capacity is to be procured around 98.64 million units (MU).

As mentioned in the PPA, interested bidders should submit a bank guarantee within seven days of signing the agreement of issue of the letter of intent (LoA). The bank guarantee should be equal to Rs 0.45 per kWh for the purchase obligation of the renewable power target to twice the unit estimated to be supplied through PPA.

The interested bidders will be eligible if their net worth is at least Rs 0.5 crore per MW of the contract capacity, which amounts to Rs 2.25 crore in each of the last three FYs. The average turnover of the bidder in the last three FYs should not be less than Rs 10.62 crore.

Image Source


Also read: IREDA extends bid submission date for CPSU solar projects

Also read: Renewable energy capacity surged over 250% in 6-7 years: Narendra Modi

Bharat Petroleum Corporation Ltd (BPCL) has floated a tender for supplying 15 MW solar or non-solar open-access renewable power to BPCL and its Mumbai Refinery at Mahul. According to the tender and Power Purchase Agreement (PPA), the work for the supplier includes evacuation of solar or non-solar renewable power from the generating source to the delivery point. The bidders are obligated to bid a minimum for a 15 MW solar or non-solar renewable power on a round-the-clock basis and scheduled delivery from 1 July 2021. The tender will be valid from 1 July 2021 to 31 March 2022. The deadline for submission of the bid is 23 June 2021, along with a pre-bid meeting scheduled for 10 June 2021. For eligibility, the bidder should own and operate generating units with an installed capacity equal to twice the contract capacity and supply the contract capacity to the company on a round-the-clock basis. According to the tender document, the estimate of the final power capacity is to be procured around 98.64 million units (MU). As mentioned in the PPA, interested bidders should submit a bank guarantee within seven days of signing the agreement of issue of the letter of intent (LoA). The bank guarantee should be equal to Rs 0.45 per kWh for the purchase obligation of the renewable power target to twice the unit estimated to be supplied through PPA. The interested bidders will be eligible if their net worth is at least Rs 0.5 crore per MW of the contract capacity, which amounts to Rs 2.25 crore in each of the last three FYs. The average turnover of the bidder in the last three FYs should not be less than Rs 10.62 crore.Image SourceAlso read: IREDA extends bid submission date for CPSU solar projects Also read: Renewable energy capacity surged over 250% in 6-7 years: Narendra Modi

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000